Capital Markets Snapshot: Medical real estate still a bright spot
DESPITE FISCAL CHALLENGES, SECTOR WILL BE STRONG FOR NEXT YEAR OR MORE By Cain Brothers. At this point, the federal deficit is unsustainable and Medicare and Medicaid are key contributors to this fiscal challenge. Healthcare reform entails fundamental changes in the organization of the healthcare delivery and reimbursement models. The Democratic-controlled Senate and Republican-controlled House […]
News & Analysis: G&E finds off-market deal
REIT PAYS $30M FOR PART OF A SEAVEST PORTFOLIO By John Mugford As several of the country’s publicly traded healthcare real estate investment trusts (REITs) grow larger through mergers and acquisitions (M&As), they are less likely to be interested in smaller deals of,perhaps, under $50 million. As a result, this super-sizing of the healthcare REITs […]
Product Focus: Q1 MOB sales sank 74%
BUT SALES PROFESSIONALS REMAIN OPTIMISTIC By John Mugford Hopefully, this was just a hiccup, the disappointing MOB sales volume that kicked off 2011 – a year that many professionals had predicted would be rife with plenty of opportunities and transactions. Instead, according to statistics compiled by New York-based Real Capital Analytics (RCA) Inc., the first […]
Industry Pulse: May 2011
NAPA, Calif. – A financially troubled MOB complex in California’s wine country is getting a new lease on life thanks to its recent acquisition by White Plains, N.Y.-based Seavest Inc. Seavest’s third healthcare real estate fund, Seavest Properties III, acquired the two-building, 65,000 square foot property at 1100 Trancas St. in Napa for $11.2 million, […]
Editor’s Letter: REITs certainly rule
HREI™ EDITORIAL BOARD PREDICTED AS MUCH By John B. Mugford (Editor) Dear Reader: A couple of years ago, as the country was mired in recession and the commercial real estate market was in the tank, the members of the Editorial Advisory Board of our publication, Healthcare Real Estate Insights™, gathered for our annual meeting to […]
Companies: $154 million Baylor project complete
DUKE REALTY DEVELOPED THE 459,717 SQUARE FOOT DALLAS CANCER CENTER By John Mugford After nearly two years of construction, the newest crown jewel of the giant, not-for-profit Baylor Health System is now up and running in Dallas. In late March, Baylor opened the $154 million, 459,717 square foot Charles A. Sammons Cancer Center on its […]
Provider News: Sutter reports 45 percent income leap
EVEN SO, LARGE CALIFORNIA SYSTEM LOOKS TO TRIM BUDGET BY $700 MILLION By Dan Emerson Last year was a good one for Sacramento, Calif.-based Sutter Health. In fact, in 2010 Sutter’s profits increased more than 45 percent over the previous year, to $685 million from $471 million in 2009. The healthcare system reported its financials […]
Inpatient Projects: Questions remain for LSU Med Center
SCOPE AND FINANCING STILL IN QUESTION EVEN AS PRE-CONSTRUCTION BEGINS By Dan Emerson As pre-construction work was starting in recent weeks on the proposed $1.2 billion Louisiana State University (LSU) Medical Center in the Mid-City section of New Orleans, federal officials were still in the process of determining what type of hospital will be built […]
Transactions: Grubb & Ellis REIT buys five properties
INVESTMENT TRUST PAYS NEARLY $67 MILLION FOR ASSETS IN SEVERAL STATES By John Mugford With 2011 off to a seemingly slow start for healthcare facility transactions, the two most active non-traded healthcare real estate investment trusts (REITs) accelerated the sales velocity with some significant purchases in the past month or so. The two REITs making […]
Capital Markets Snapshot : Healthcare capital markets are robust
HOWEVER, FED IS LIKELY, AT SOME POINT, TO TIGHTEN ITS MONETARY POLICY By Cain Brothers The healthcare real estate capital markets continue to be robust, fueled by a large pool of equity and debt capital seeking to invest in medical real estate, strong fundamentals supporting the stability of cash flows for medical real estate, and […]
News & Analysis: Five LTACs fetch $113M
FACILITIES WERE DEVELOPED, SOLD BY MEDISTAR By John Mugford It looks as if long-term acute care hospitals (LTACs) have hit the radar screen of quite a number of healthcare real estate investors. An example can be found in two recent transactions that, surprisingly, received little publicity at the time of the closings, even here on […]
Special Report: Capital markets stirring
EXPERTS GIVE THEIR VIEWS ON DEBT AND EQUITY By John Mugford In describing the state of the capital markets of the past couple of years, a panel of professionals involved in providing money to the healthcare real estate industry used terms such as “disarray,” “roller coaster” and “wilderness.” Yet, when asked about the markets during […]
Industry Pulse: April 2011
NATIONWIDE – Traditionally, healthcare real estate investors seem to have fallen into two categories: Those interested in seniors housing facilities, which includes a host of different product types, and those interested in medical office buildings (MOBs), which also, over the years, have come to include a variety of types. There are so many exceptions to […]
Editor’s Letter: I’ll be out of the office…
HCRE CONFERENCE SEASON IS IN FULL SWING By John B. Mugford (Editor) Dear Reader: For folks involved in healthcare real estate, ‘tis the season. No, not that season. The season I’m talking about is the season of conferences and seminars concerning medical office buildings (MOBs) and other healthcare properties. Consequently, we at Healthcare Real Estate […]
Companies: New REIT targeting MOBs, healthcare
ARC LAUNCHES WITH $1.5B STOCK OFFERING; HIRES DASCO, GRUBB VETERANS By Dan Emerson Add another healthcare real estate investment trust (REIT) to the mix of investors interested in acquiring medical office buildings (MOBs) and other healthcare real estate facilities. The newest healthcare REIT is New York-based American Realty Capital Healthcare Trust, which recently rolled out […]